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Ali
Ali is a 34-year-old, married father of two children. For 15 years, he has been employed in an aluminum manufacturing company. His wife doesn't work, and one of his children is currently enrolled in a public school. All of these aspects put so much pressure on him to work harder in order to cover his family's needs.

Ali is applying for a loan from Kiva's partner, Al Majmoua Lebanese Association for Development, to buy a car that will facilitate most of his family needs and will help him to start taking private aluminum requests after working hours. This car will be the best way to transport his required tools and materials until he becomes financially capable of opening his own aluminum work company.

Additional Information

About Al Majmoua – Lebanese Association for Development

The Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.


Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.

About Lebanon

  • $5,900
    Average annual income
  • 71
    View loans »
    Lebanon Loans Fundraising
  • $15,606,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,500 helped Ali to buy a car that will help him start his own business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jul 16, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014